Gamuda Bhd Secures 10th Infrastructure Contract in Taiwan
Gamuda Bhd (KL:GAMUDA) announced the award of a RM3.30 billion contract for the civil works and electromechanical facilities of the Kaohsiung Metropolitan Mass Rapid Transit (MRT) Xiaogang‑Linyuan Line in Taiwan. The project, valued at 26.39 billion New Taiwan Dollars (NTD), marks the company’s tenth infrastructure contract in Taiwan since entering the market in 2002.
Contract Details
| Item | Value |
|---|---|
| Total contract value | RM3.30 billion |
| Equivalent in NTD | 26.39 billion |
| Share of contract owned by Gamuda (70% JV) | RM2.31 billion |
| JV partner | Shang Ting Construction Co Ltd (30%) |
| Project scope | Civil works, electromechanical facilities, three underground stations, one elevated station, 3.88 km of underground double‑track rail, and six cross‑passes |
| Construction period | 7 years and 4 months |
The joint venture is an unincorporated entity that will act as the main contractor for the entire project. The contract was awarded by the Kaohsiung City Mass Rapid Transit Authority, which is responsible for the city’s MRT network.
Impact on Gamuda’s Operations
- Expansion of Taiwan Presence: The award follows recent projects in Kaohsiung, including the Yellow Line (YC01) and Orange Line (C04) sections, reinforcing Gamuda’s role in the city’s rail development.
- Revenue Growth: The RM3.30 billion contract represents a significant addition to the company’s project pipeline and is expected to contribute positively to its 2026 financial results.
- Market Reaction: Following the announcement, the share of Gamuda was suspended for one hour at 9 a.m. and resumed trading at 10 a.m. The stock opened higher, reflecting investor confidence in the new contract.
Market Context
- The contract is part of Taiwan’s broader investment in public transportation, with other major projects such as the Kaohsiung Port Intermodal LNG Terminal (previously awarded to Gamuda) and the Taichung Metro Line.
- The Kaohsiung MRT project aligns with the city’s goal to improve connectivity between industrial zones and residential areas.
Company Profile
Gamuda Bhd is a Malaysian industrial company listed on Bursa Malaysia. The firm specializes in the construction and development of residential and commercial real‑estate projects and has been active for over 50 years. As of 7 May 2026, the company’s closing price was MYR 4.50, with a 52‑week high of MYR 5.80 and a low of MYR 3.70. Its market capitalization stands at MYR 26.801 billion, and its price‑earnings ratio is 26.36.
Sources
- www.klsescreener.com (multiple reports on 8 May 2026)
- www.thestar.com (5:23 a.m. report)
- www.theedgemalaysia.com (1:04 a.m. report)
